The forecast for VelocityShares Daily 2x VIX Short-Term ETN (TVIX) will put a smile on investors faces
What’s up with VelocityShares Daily 2x VIX Short-Term ETN?
VelocityShares Daily 2x VIX Short-Term ETN (TVIX) opened at $226.56, which means the stock is up 19.81% from yesterday’s closing price of 193.37. Today, the company has a high of $235.90 and a low of $217.68. The company has a market cap of $2.21 billion with a 52-week high of $1000.00 and a 52-week low of $38.33.
What about the future for VelocityShares Daily 2x VIX Short-Term ETN
The high forecast for VelocityShares Daily 2x VIX Short-Term ETN is 579.43 while the low is 312.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. VelocityShares Daily 2x VIX Short-Term ETN has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information TVIX seems to be a safe buy.
About VelocityShares Daily 2x VIX Short-Term ETN
The investment seeks to replicate, net of expenses, the returns of twice (2x) the daily performance of the S&P 500 VIX Short-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The ETNs are linked to a multiple (2x) of the daily return of the index and do not represent an investment in the VIX.